Latest news and articles about oversubscription
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Mingming Hen Mang, a China food‑and‑beverage retailer with nearly 20,000 stores, saw its Hong Kong shares jump about 88% on debut after retail investors oversubscribed the public offering 1,899.49 times and institutions bid 44.44 times in the placing. The listing highlights strong investor appetite for large domestic retail chains but raises questions about valuation sustainability and the economics of a rural‑heavy store footprint.
